PORTLAND, Maine – The bankrupt railroad whose runaway train sparked a fire and explosion that killed 47 people in Quebec could be sold by year’s end, the company’s trustee said Thursday.
Montreal, Maine & Atlantic Railway has made no secret that its sale will be necessary to repay creditors and victims following the July 6 disaster Lac-Megantic, Quebec. And railroad trustee Robert Keach said he’s already been approached by “several” potential buyers.
Read the complete story at The Houston Chronicle.
Related News
- Led by SMART-TD, Kansas Makes Railroad History
- Andrew Fudge Wins SMART-TD Endorsement in Oregon House Race
- Federal Court Upholds 2-PC
- Registration for Baltimore RTS Closes on Monday!
- Untimely Passing Leaves Conductor’s Family in a Difficult Financial Situation
- SMART-TD Wins Landmark BNSF Arbitration Protecting Members’ Right to Rest
- Critical Bus Operator Safety Legislation Results from Years of Advocacy
- Maryland Legislature Finishes the Job on 2-PC
- CLARIFICATION: How to Apply for Disaster Relief Following the Washington State Wildfires
- The fearmongering, speculation, and rhetoric stop now